Bank Of Baku

FinEx Kredit issues bonds with 14% yield

FinEx Kredit issues bonds with 14% yield
# 18 December 2015 09:55 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. The State Securities Committee (SSC) of Azerbaijan has registered the issue prospectus of unsecured, interest-bearing, book-entry bonds of FinEx Kredit OJSC.

 

Baku Stock Exchange told APA-Economics that the placement will be held in public offering.

 

Face value is $500, quantity – 390 and the volume of the issue - $195,000.

 

Circulation period is 1,080 days, interest rate 14% and the period of interest payment on a quarterly basis.

 

Underwriter is Technika Capital Management Ltd.

 

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